Our Services

Tax & Accounting

Australian Tax Law is complex and constantly changing. In addition, the GST environment places considerable emphasis on compliance and lodgement deadlines. The Think Accountants team undertake extensive training to keep abreast of developments and we provide a comprehensive accounting and taxation service to both individuals and businesses. As well as compliance we are able to provide expert consulting advice.

Management

Analysing the performance of your business to improve its efficiency and profitability is important to us. Using our experience and some Key Performance Indicators we measure and monitor vital aspects of your business. We work with you to develop your business and implement cost saving initiatives, marketing plans, management strategies and systems to achieve your financial goals.

Financial Analysis & Interpretation

Budgets & Cashflow Projections

Profitability Analysis

Business Coaching

Software Selection

Effective Tax Structures

Business Start Up Advice

Business & Tax Planning

Succession Planning

Finance Proposals & Applications

Business Valuations

Special Purpose Projects & Investigations

IT Systems & Support

Company, Trust & SMSF Formations

Business Startup

Starting a small business is just like a game of chess. To be successful you need to make the right opening moves.

The business evaluation and establishment phases can be a period of great anxiety due to a combination of excitement, uncertainty and financial risk. Remember to keep your emotions in check because you need to make some very important business decisions in this phase.

There is an old saying, 'people don't plan to fail, they just fail to plan.' This is both valuable advice and a warning for people intending to start or buy a business. All too often people start a business without a business plan or adequate professional accounting and legal advice.

The wrong business structure, choice of accounting software or lack of insurances can not only prove costly, it can be catastrophic. There are numerous issues to consider and Think Accountants can assist you with your:

Business Structure

Finance Requirements

Software Selection

Employer Obligations

General Tax Advice

Bookkeeping Training

Business Plan

Business Evaluation

When selling your business there is also a range of issues to consider including Capital Gains Tax. We urge you to consult with us if you are contemplating buying or selling a business.

Negative Gearing

What is Negative Property Gearing?

A negatively geared property is where you borrow to buy an investment property and the interest and expenses to maintain the property exceed the rental income. The ultimate aim for most property investors is to build a portfolio of positively geared properties (where the rental income exceeds any running costs) that grow in value at a much higher rate than inflation. It is through negative gearing and the associated tax benefits that investors are able to purchase and accumulate real estate.

When buying a negatively geared property you need to understand some key principles including:

Negative gearing is attractive because of its tax advantages, however, the taxation benefits should not be the primary consideration behind the investment decision

Capital growth is the most important ingredient in successful property investing. You accept the losses in belief that the future capital gain on sale will more than compensate you for those financial losses

Buying the right type of property in the right location is the key to long term capital growth

When is the best time to buy?

A tax deduction is available because you are making a 'loss' on your investment.

The real benefits of negatively geared property are only realized when you combine the correct tax and financial advice with the right property and loan product. You should always seek expert advice to make sure the purchase is within your budget and will provide taxation and financial benefits in the long run.

We offer advice and ongoing support for negatively geared properties including:

Evaluation of tax consequences

PAYG variation applications

Advice on where and when to purchase an investment property

Financial advice

We have written a comprehensive booklet on negative geared property which is available to clients in conjunction with a negative geared consultation